PPP Loan Data — Wooden Goose Cafe Inc, Mequon, WI
Wooden Goose Cafe Inc is a subchapter s corporation located at 1556 West Mequon Road in Mequon, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,095.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Celtic Bank Corporation
Wooden Goose Cafe Inc in Mequon, WI received a Paycheck Protection Loan of $25,095 through Celtic Bank Corporation, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Wooden Goose Cafe Inc's 2019 payroll expenses are estimated to be at least $120,456.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,208 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wooden Goose Cafe Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,821
- Utilities: $3,137
- Rent: $3,137
Business Information - Wooden Goose Cafe Inc in Mequon, WI
1556 West Mequon Road
Mequon, WI 53092
All Other Traveler Accommodation
NAICS code 721199
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 30,922 businesses in the "All Other Traveler Accommodation" industry received a total of $1.29B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 14% lower than Wooden Goose Cafe Inc's reported 7 employees, and received an average PPP loan of $41,836, 67% higher than this company's loan of $25,095.
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Footnotes & Information
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